CapLease Announces Public Offering of Common Stock

  CapLease Announces Public Offering of Common Stock

Business Wire

NEW YORK -- April 3, 2013

CapLease, Inc. (NYSE: LSE)  announced today the commencement of a public
offering of 6,500,000 shares of its common stock. CapLease intends to use the
net proceeds of the offering for general corporate purposes, which is expected
to primarily include funding real property acquisitions in its pipeline.

CapLease intends to grant the underwriters of the offering a 30-day option to
purchase up to an additional 975,000 shares of its common stock to cover
over-allotments, if any. Wells Fargo Securities is the sole book-running
manager of the offering.

The shares of common stock will be issued pursuant to a registration statement
that has been declared effective by the Securities and Exchange Commission.
This press release shall not constitute an offer to sell or the solicitation
of an offer to buy any common stock, nor shall there be any sale of such
common stock in any state in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the securities laws
of any such state.

A copy of the prospectus supplement and prospectus relating to the offering
may be obtained from Wells Fargo Securities, Attention: Equity Syndicate
Department, 375 Park Avenue, New York, NY 10152 (email:
cmclientsupport@wellsfargo.com or telephone (800) 326-5897).

This press release contains statements that are forward-looking. Such
forward-looking statements involve risks and uncertainties and actual outcomes
may differ materially from those projected. For more information regarding
these risks and uncertainties, review CapLease’s filings with the Securities
and Exchange Commission.

About the Company:

CapLease, Inc. is a real estate investment trust, or REIT, that primarily owns
and manages a diversified portfolio of single tenant commercial real estate
properties subject to long-term leases to high credit quality tenants.

Contact:

Investor Relations/Media:
ICR, Inc.
Brad Cohen, 212-217-6393
bcohen@icrinc.com